Night Owl Capital Management, LLC Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$917.3B

Holdings

30

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (30 positions)

#StockSharesValue% PortfolioType
1
GOOGALPHABET INC CAP STK CL C
319,270$77.8B8.48%
2
MSFTMICROSOFT CORP COM
148,206$76.8B8.37%
3
SAPSAP SE SPON ADR
245,058$65.5B7.14%
4
AMZNAMAZON COM INC COM
258,499$56.8B6.19%
5
GEVGE VERNOVA
88,990$54.7B5.97%
6
METAMETA PLATFORMS INC CL A
65,217$47.9B5.22%
7
GEGE AEROSPACE
152,871$46.0B5.01%
8
TSMTAIWAN SEMICONDUCTOR MFG CO SP
157,311$43.9B4.79%
9
UBERUBER TECHNOLOGIES
441,903$43.3B4.72%
10
UNPUNION PACIFIC CORP.
181,793$43.0B4.68%
11
AONAON PLC REGISTERED SHS CL A
107,023$38.2B4.16%
12
VVISA INC COM CL A
93,860$32.0B3.49%
13
WWDWOODWARD
122,367$30.9B3.37%
14
MAMASTERCARD INC CL A
53,118$30.2B3.29%
15
NFLXNETFLIX INC COM
23,888$28.6B3.12%
16
LINLINDE PLC
51,088$24.3B2.65%
17
VSTVISTRA CORP
116,161$22.8B2.48%
18
AVGOBROADCOM
66,065$21.8B2.38%
19
CEGCONSTELLATION ENERGY
65,775$21.6B2.36%
20
SPOTSPOTIFY TECHNOLOGY SA
30,352$21.2B2.31%
21
GWREGUIDEWIRE SOFTWARE
79,596$18.3B1.99%
22
BILSPDR BLOOMBERG 1-3 MONTH T-BIL
186,441$17.1B1.86%
23
HWMHOWMET AEROSPACE
80,499$15.8B1.72%
24
CRSCARPENTER TECHNOLOGY
51,321$12.6B1.37%
25
CSGPCOSTAR GROUP INC COM
107,711$9.1B0.99%
26
MELIMERCADOLIBRE
3,887$9.1B0.99%
27
SGOVISHARES 0-3 MONTH TREASURY BON
59,941$6.0B0.66%
28
GOOGLALPHABET INC. CL A
3,400$826.5M0.09%
29
BRK-BBERKSHIRE HATHAWAY INC CL A
1$754.2M0.08%
30
BRK/BBERKSHIRE HATHAWAY INC CL B
1,000$502.7M0.05%